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PSDP

PM Shehbaz calls for comprehensive strategy on agricultural reforms

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PM Shehbaz

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the relevant authorities to develop a comprehensive strategy, in coordination with provincial governments, aimed at achieving sustainable agricultural reforms. While chairing a review meeting on agriculture sector development, the prime minister emphasized that the reform process will begin by offering easy loans to farmers through a public-private partnership … Read more

Govt to present Rs17.6tr federal budget for FY26 today

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Govt

ISLAMABAD: The federal government is set to unveil the budget for fiscal year 2025–26 today, with the total outlay estimated at Rs17.6 trillion. According to sources in the Ministry of Finance, as per initial estimates, the federal revenue target is projected at Rs19.3 trillion, out of which the Federal Board of Revenue (FBR) is expected … Read more

Sukkur-Hyderabad-Karachi Motorway top priority: Aurangzeb

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Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb assured the National Assembly that the Sukkur-Hyderabad-Karachi Motorway is essential for Pakistan’s economic connectivity and will be completed at all costs. Responding to concerns raised by lawmakers, the minister said the project has been prioritized and will move forward with funding either through foreign sources or the Public Sector Development … Read more

Govt allocates record Rs1400bn for PSDP

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Govt allocates record Rs1400bn for PSDP

ISLAMABAD: Presenting the budgetary proposals in the National Assembly, Muhammad Aurangzeb said 1400 billion rupees have been earmarked for the PSDP. An additional one hundred billion rupees have been allocated through public-private partnership. He said the development budget will be at the historic level of 1500 billion rupees. He added that 2122 billion rupees will … Read more

CPI inflation projected to average 11% in FY22

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CPI inflation

Targeting 53,000 points by December 2022, Arsalan Soomro at KASB Securities project earnings growth of 12 per cent and a dividend yield of 6 per cent. Moreover, the index has the potential to re-rate once issues relating to the cash-starved energy chain are appeased. After considerable signs of economic overheating, the government and the central … Read more

Gharibwal Cement announces Rs10 billion expansion

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Gharibwal Cement

KARACHI: Gharibwal Cement Limited has announced 10,000 tonnes/day capacity expansion, which is expected to come online two years after the commencement of the civil work, which is to begin soon. The project cost, being undertaken by a China-based firm, is estimated to be around Rs8 billion to Rs10 billion. The company has not availed Temporary … Read more

Federal govt focusing on 14 Sindh districts under uplift plan: PM Imran Khan

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ISLAMABAD: Prime Minister Imran Khan has said that the federal government is focusing on 14 districts of Sindh under the Sindh Development Plan. Chairing a high-level meeting to review the implementation of Rs444 billion Sindh Development Plan, the prime minister said, the objective is to improve the socioeconomic status of the residents of Sindh. He … Read more

CDWP gives go-ahead to two projects worth Rs54 billion

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ISLAMABAD: The Central Development Working Party meeting on Monday gave a green signal to a development project with a cost of Rs2.66 billion and recommended another project worth Rs51.29 billion to the Executive Committee of the National Economic Council (Ecnec) for further consideration. The meeting was presided over by Planning Commission deputy chairman Mohammad Jehanzeb … Read more

Highest PSDP spending in FY20/21: Umar

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Pakistan vaccinations Asad Umar

ISLAMABAD: The total spending under the Public Sector Development Programme (PSDP) during 2020/21 exceeded the target set for the corresponding year by Rs9 billion to Rs659 billion. “[The] total PSDP spending in 2020/21 was Rs659 billion against the target of Rs650 billion, or 101.40 per cent,” he tweeted. The minister said this was the highest … Read more

Govt disburses Rs133.664 billion for social sector uplift projects

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Broadsheet

ISLAMABAD: The federal government has released Rs133.664 billion of the total allocation of Rs900 billion for various ongoing and new social sector development projects till date under its Public Sector Development Programme (PSDP) 2021/22. According to the latest data, released by the Ministry of Planning, Development and Reform, the released funds included Rs98.98 billion for … Read more

Pakistan’s economy gains momentum in 2020/21: SBP

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Banknotes coronavirus

KARACHI: The Pakistan economy has made an encouraging recovery during the last fiscal year but certain structural vulnerabilities still require the government’s attention, the State Bank of Pakistan (SBP) reported in its third quarterly report issued on Friday. In the report titled, The State of Pakistan’s Economy for the fiscal year 2020/21, the central bank … Read more

Govt releases 100% funds allocated under PSDP for petroleum sector

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Govt releases 100% funds allocated under PSDP for petroleum sector

ISLAMABAD: The federal government has provided 100 per cent funds, amounting to Rs1.339 billion, allocated under the Public Sector Development Programme (PSDP 2020/21), to execute petroleum sector projects, official data showed on Monday. The amount has been authorised after making a slight readjustment in the funds’ allocation in the last fiscal year, which stood 100 … Read more

ECC approves technical supplementary grant of Rs300 million for joint border markets

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ECC meeting

KARACHI: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the technical supplementary grant of Rs100 million each from the Public Sector Development Programme (PSDP) to establish joint border markets at Mand, Kech district, Gwadar, Gabd district and Chedgi, Panjgur district, of the total allocation of Rs300 million. The ECC meeting, which was … Read more

Performance of present government is zero: Siraj ul Haq

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Siraj ul Haq

Ameer Jamaat-e-Islami Senator Sirajul Haq has said that we do not accept the current budget because this budget is just a bundle of words while the performance of this government is zero. According to details, while talking to media in Karachi, Ameer Jamaat-e-Islami Senator Siraj ul Haq while rejecting the budget of the federal government … Read more

New projects to be launched by our government under PSDP: Murad Saeed

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Murad Saeed

Federal Minister for Communications Murad Saeed said that due to Coronavirus, Rs. 12,000 was provided to the deserving families, the current government gave the biggest relief package in the history of the country in difficult times. Addressing a press conference on the performance of the NHA and the Ministry of Communications and future plans, Federal … Read more

The pointers of PSDP for Fiscal year 2020-21

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Pace of work on Punjab PSDP projects reviewed

The government has presented the budget for the fiscal year 2020-21 today (Jun 12) and assigned Rs1.324 trillion for the Public Sector Development Programme. Following are the pointers of distributions under the Public Sector Development Programme (PSDP) for various divisions and ministries for the FY 2020-2021: The total expenses of the PSDP for this fiscal … Read more

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